SÃO PAULO — While waiting for regulatory approvals of its acquisition of GVT, Telefónica Vivo has not yet disclosed any details about how it will combine brands or make changes following the buyout. However, at this week’s Futurecom event, Antonio Carlos Valente, president of Telefónica Vivo, made it clear that...
Telefónica has inked a deal to buy Brazil's GVT for roughly $9 billion. GVT's current owner, France's Vivendi SA, fielded competing bids from Telefónica and Telecom Italia. GVT offers fixed telephony, broadband and pay-TV services.
The final purchase price is lower than expected; Telefónica reportedly...
NII Holdings, which operates in Latin America under the Nextel brand, announced it will likely file for Chapter 11 bankruptcy protection because it cannot fulfill its financial obligations. Following the announcement, NII Holdings' shares plummeted. According to the filing, the mobile phone carrier has until Aug. 15 to...
